Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Space in Midtown Birmingham Title is generated by Realmo AI

    245 20th Street South, Birmingham, AL 35233

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Second-generation restaurant space in a mixed-use development.

    Type:Retail
    Property size:
    6,650 SF
    Added:
    Mar 6, 2026
    Days on Market:
    88
    Last Refresh:
    Apr 5 at 11:55 pm

    Property Features for 245 20th Street South

    General Information

    Standard status
    Active
    Size
    6,650 SF
    Property subtype
    Retail

    Spaces For Lease

    at 245 20th Street South Contact us

    We can help!

    Listing Contact
    Matthew Buckalew

    Listing agent Matthew Buckalew

    Listing office

    Listing date Mar 6, 2026

    Source Southpace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Matthew Buckalew

    HighLights

    • High‑traffic location: 3,200 apartment units within a 10‑minute walk, close proximity to UAB Hospital and UAB school.
    • Second‑generation restaurant end cap: Ready for immediate restaurant use, reducing startup costs.
    • Prime location in mixed‑use development: Benefits from synergy with established co‑tenants.
    • Strong co‑tenancy: Located alongside CAVA, Milo’s Hamburgers, Synovus Bank, The Toasted Yolk Café, and Panda Express.
    • Ample parking: On‑site parking ratio of 5:1.
    • Proximity to major retailers: Nearby Chipotle, AT&T, Starbucks, and Publix.

    Overview

    Located in downtown Birmingham, this available space is a second-generation restaurant end cap within the 20 Midtown mixed-use development. The space offers approximately 6,650 square feet. Co-tenants include CAVA, Milo’s Hamburgers, Synovus Bank, The Toasted Yolk Café, and Panda Express. Nearby retailers include Chipotle, AT&T, Starbucks, and Publix. The location benefits from an on-site parking ratio of 5:1. Additionally, there are 3,200 apartment units within a 10-minute walk. The property is situated 3 blocks from UAB Hospital, which has 1,207 beds and 24,259 employees, and UAB school with 20,905 students.
    Property Profile Location Intelligence

    Current Use by Public Records

    Outback Steakhouse Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Crestline Catering Co. — 1500 1st Ave N, Birmingham, AL 35203
    • Tre Luna Catering — 2513 5th Ave S, Birmingham, AL 35233
    • Seek First — 1720 University Blvd, Birmingham, AL 35233
    • Big Al's — 1720 University Blvd, Birmingham, AL 35233
    • Maya's Catering — 1001 20th St S #1005, Birmingham, AL 35205, United States

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8702
    Latitude
    33.4845

    Nearby Similar for Lease

    • $2,765/Mo
      2,212 SF

      Well-Configured Office Suite For Lease

      Office suite with enclosed offices, meeting space, and support areas.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $3,683/Mo
      2,946 SF

      Flexible Office Suite in Birmingham

      Adaptable 2,946 SF office suite in Cahaba Office Park.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $2,438/Mo
      1,950 SF

      Efficient Office Suite For Lease

      Functional office suite with flexible workspace and included parking.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $3,254/Mo
      2,603 SF

      Flexible Office Suite For Rent

      Adaptable office suite suitable for various professional uses.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $5,370/Mo
      4,296 SF

      Birmingham Office Suite For Rent

      Spacious office suite with offices, meeting space, and workstations.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $1,719/Mo
      1,375 SF

      Professional Office Suite For Rent

      Office suite with practical layout, suitable for various professional uses.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $1,120/Mo
      896 SF

      Compact Office Suite For Rent

      Efficient 896 SF office suite suitable for various professionals.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $1,300/Mo
      1,040 SF

      Office Suite in Cahaba Park

      Compact office suite with flexible layout and convenient location.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $4,485/Mo
      3,588 SF

      Spacious Office Suite For Rent

      Flexible office suite suitable for various professional uses.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $5,946/Mo
      4,757 SF

      Spacious Office Suite in Birmingham

      Large 4,757 SF office suite with flexible layout.
      200 Cahaba Park Cir, Birmingham, AL 35242
      View Details
    • $129-$6,256/Mo
      11-1,292 SF

      AL Birmingham Regus Shipt Tower

      420 Birmingham St, Birmingham, AL 35203
      View Details
    • Sponsored
      Contact for pricing

      AL, Birmingham - 1st Ave N

      2129 1St Ave, Birmingham, AL 35203
      View Details

    FAQs

    What type of property is this?
    Restaurant - Second-generation restaurant space in a mixed-use development.
    Where is this restaurant located?
    The property is located at 245 20th Street South Birmingham, AL.
    What are key features of this property?
    This property features: High‑traffic location: 3,200 apartment units within a 10‑minute walk, close proximity to UAB Hospital and UAB school.; Second‑generation restaurant end cap: Ready for immediate restaurant use, reducing startup costs.; Prime location in mixed‑use development: Benefits from synergy with established co‑tenants.
    (334) 322-6203
    We can help!
    Listing Contact
    Matthew Buckalew
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    245 20th Street South, Birmingham, AL 35233
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!